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Allied Critical Metals Adds High-Profile Advisor to Advance Strategic Tungsten Assets

Story Highlights
  • Allied Critical Metals is advancing major tungsten projects in Portugal, aiming to provide a strategic Western supply source in a market dominated by China, Russia and North Korea.
  • The company appointed former Cabinet minister Marco Mendicino as strategic advisor, strengthening its political and security credentials as it develops NATO-linked tungsten assets for Western markets.
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Allied Critical Metals Adds High-Profile Advisor to Advance Strategic Tungsten Assets

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DeepRock Minerals ( (TSE:ACM) ) has issued an update.

Allied Critical Metals Inc., a Canadian mining company, is advancing its 100%-owned Borralha and Vila Verde tungsten projects in northern Portugal, with Borralha ranked as one of the European Union’s largest undeveloped tungsten resources and supported by a favourable environmental impact declaration. Operating in a market where tungsten is classified as a critical raw material by Western governments and most global supply is controlled by China, Russia and North Korea, the company is positioning its Portuguese assets as strategically important alternative sources for key industrial and defense applications.

The company has appointed the Honourable Marco Mendicino as a strategic advisor, adding a high-profile former federal prosecutor and Cabinet minister with extensive experience in law, government and public policy to its leadership bench. Mendicino will help guide the development of Allied’s Portuguese tungsten assets, which he highlights as strategically located in a NATO member state with historic global security importance, complementing a board that already includes senior U.S. defense and security figures and reinforcing Allied’s push to supply tungsten to Western markets, particularly through its U.S. subsidiary focused on importation, marketing and sales.

More about DeepRock Minerals

Allied Critical Metals Inc. is a Canadian-based mining company focused on developing and revitalizing its 100%-owned Borralha and Vila Verde tungsten projects in northern Portugal. The Borralha Project is among the largest undeveloped tungsten resources in the European Union and benefits from a favourable environmental impact declaration, while Vila Verde offers additional exploration potential in the same strategic jurisdiction. Tungsten, used across defense, aerospace, manufacturing, automotive, electronics and energy sectors, has been designated a critical raw material by both the United States and the European Union, underscoring the importance of Allied’s assets as Western governments seek to reduce reliance on China, Russia and North Korea, which currently dominate global supply.

Average Trading Volume: 295,060

Technical Sentiment Signal: Buy

Current Market Cap: C$205.6M

For an in-depth examination of ACM stock, go to TipRanks’ Overview page.

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